Category: Business

KUALA LUMPUR: Integrated engineering solutions provider, Oxford Innotech Bhd posted revenue of RM17.1 million in the second quarter (Q2) ended June 30, 2025 (FY25), with contribution coming from the mechanical assembly solutions segment at RM10.2 million (59.7%), the precision engineering components solutions segment (RM6.3 million or 37.0%), while the automation and robotics solutions segment made… Continue reading Oxford Innotech’s 1H FY25 revenue hits RM36.6m, gears up for expansion

SAN FRANCISCO: AI powerhouse Nvidia reported quarterly earnings Wednesday that beat expectations, but shares slipped amid concerns about an AI chip spending bubble and the company’s stalled business in China. The California-based firm posted profit of $26.4 billion on record revenue of $46.7 billion in the recently ended quarter, driven by intense demand for chips… Continue reading AI giant Nvidia beats earnings expectations but shares fall

KUALA LUMPUR: Malaysian-owned hospitality group Riyaz International Sdn Bhd’s partnership with Jin Jiang Hotels China Region is a collaboration that goes beyond a business agreement, reflecting a shared vision to elevate Southeast Asian hospitality while supporting Malaysia’s long-term tourism goals under the 13th Malaysia Plan (RMK-13). “This partnership is about more than just growth. It… Continue reading Riyaz, Jin Jiang Hotels forge alliance

KUALA LUMPUR: While global debates continue about whether artificial intelligence (AI) will take jobs, create jobs, or fail to deliver at all, Georg Chmiel (pic), founder of Chmiel Global Advisory and Board Member of the World Digital Chamber, believes Malaysia must take a long-term view. “AI is overrated today — but massively underrated for the… Continue reading AI overrated today, underrated for tomorrow

KUALA LUMPUR: Hong Leong Bank Bhd is confident its asset quality will stay within guided range for FY2026 despite heightened risk environment from global trade and rate uncertainties. Group managing director and CEO Kevin Lam said while defaults could edge higher, the bank does not expect a sharp deterioration. “I wouldn’t exaggerate the risk, but… Continue reading No sharp decline in asset quality: Hong Leong Bank

KUALA LUMPUR: Affin Group expects to double its credit card receivables from RM500 million to RM1 billion within the next six to 12 months driven by its new partnership with Marriott International Malaysia and Visit Malaysia 2026. President & Group CEO Datuk Wan Razly Abdullah said yesterday the lender is banking on stronger spending from… Continue reading Affin Group to double its credit card receivables from RM500 million to RM1 billion

TOKYO: Take-private deals in Japan are likely to hit a record high this year, exceeding the US$40.3 billion (RM170 billion) total racked up in 2023, according to private equity funds and advisers, as companies bow to pressure to improve returns for investors. Japanese companies once feared private equity as “hagetaka”, or vultures. Now they are… Continue reading From vultures to defenders, Japan private equity deals head for record year

BEIJING: China’s Alibaba is likely to highlight its artificial intelligence (AI) strategy with its quarterly results on Friday, but in line with its peers Tencent and Baidu, may struggle to show that its big AI investments are paying off. The companies have invested billions of dollars into AI over the past three years following the… Continue reading Alibaba results point to modest AI impact

KUALA LUMPUR: DE-CIX, an internet exchange (IX) operator, announced yesterday that it has been recognised as a Google Gold Verified Peering Provider (VPP), becoming one of the first IX operators worldwide to achieve Gold Status. The Google VPP Programme identifies and endorses ISPs and IXs that provide diverse and highly available connectivity to Google’s global… Continue reading DE-CIX earns Google Gold VPP status

KUALA LUMPUR: Medical devices and solutions provider LAC Med Bhd signed a multi-year subscription-based agreement with KPJ Healthcare Bhd to implement an advanced medical image-management solution across 30 KPJ hospitals nationwide. The project, supported by LAC Med’s technology partner Philips, will significantly advance KPJ Healthcare’s digital transformation under KPJ Health System. The project involves LAC… Continue reading LAC Med, Philips roll out imaging system in KPJ hospitals

KUALA LUMPUR: The Malaysian Vapers Alliance (MVA), a local advocacy group for vape consumers, has warned that ongoing uncertainty over vape regulations, from state bans to talk of a nationwide ban, is undermining the effective implementation of the Control of Smoking Products for Public Health Act 2024 (Act 852) and pushing consumers toward unregulated channels.… Continue reading MVA warns vape ban uncertainty driving consumers to black market

SUBANG JAYA: Engineering services group, AWC Bhd registered a revenue of RM414.1 million for the financial year ended June 30, 2025 (FY25), an increase of 3.8% year-over-year (YoY) from RM398.8 million. This was predominantly owing to higher-order fulfilment and project deliverables within the rail division. It is also noteworthy to mention that this is the… Continue reading AWC revenue surpasses the RM400m mark, bright outlook ahead despite macroeconomic uncertainties

ABUJA/SAO PAULO: Brazil’s state-run oil company Petrobras, which left Nigeria five years ago, should be able to return quickly, Nigerian President Bola Tinubu told a press conference with his Brazilian counterpart during a two-day visit. Petrobras began operations in Nigeria in 1998 in the deep waters off the Niger Delta. It sold its stakes more… Continue reading Nigeria urges Petrobras return for oil and gas investment boost

KUALA LUMPUR: The ringgit opened higher against the US dollar and most major currencies on Wednesday, lifted by growing expectations of a US interest rate cut amid weakening consumer confidence and concerns over rising prices from escalating tariffs. At 8 am, the local unit strengthened to 4.2060/2265 from Tuesday’s close of 4.2160/2210. Bank Muamalat Malaysia… Continue reading Ringgit opens higher on US rate cut expectations

SHAH ALAM: WCE Holdings Bhd (WHB) is pushing ahead with the final stretch of its flagship West Coast Expressway (WCE), aiming to complete the 233km highway by 2027 as traffic volumes continue to build momentum on the operational sections. CEO Lyndon Alfred Felix told shareholders that eight out of 11 sections of the WCE are… Continue reading WCE Holdings aims to complete West Coast Expressway by 2027 as construction enters final stretch

PETALING JAYA: Berjaya Land Bhd (BLand) recorded revenue of RM1.91 billion for the fourth quarter ended June 30, 2025 (Q4’25), while pre-tax profit stood at RM15.45 million, marking a turnaround from the same quarter last year when it registered a pre-tax loss of RM16.62 million. According to a Bursa Malaysia filing, the group’s lower revenue… Continue reading Berjaya Land stages turnaround in Q4 with RM15.45m pre-tax profit

KUALA LUMPUR: Public Bank Bhd registered a slightly lower net profit of RM1.76 billion for the second quarter ended June 30, compared to RM1.78 billion recorded in the same period last year, due to the effect of lower non-taxable income in the current year. However, the banking group’s revenue for the quarter rose to RM7.35… Continue reading Public Bank posts RM1.76 billion net profit in Q2, declares 10.5 sen dividend

PETALING JAYA: AutoCount Dotcom Bhd, a developer and distributor of financial management software, delivered a robust performance with a net profit of RM8.6 million for the second quarter ended June 30, 2025 (Q2’25), representing a 90.4% year-on-year (YoY) increase from RM4.5 million in Q2’24. Revenue rose by 49.3% YoY to RM20.2 million, driven primarily by… Continue reading AutoCount Dotcom Q2 net profit jumps 90% year-on-year to RM8.6 million

KUALA LUMPUR: The Sustainability & ESG Association Malaysia (SEAM), a new national platform uniting ESG practitioners, corporates, government agencies, and policy architects, held its soft launch recently. Founded by experienced sustainability and ESG professionals, SEAM aims to drive meaningful ESG adoption through real-world implementation, not just reporting. The association’s cornerstone is the IDEA-C Framework –… Continue reading Bridging solutions with corporate action

KUALA LUMPUR: Petronas Carigali Sdn Bhd, a wholly owned subsidiary of Petroliam Nasional Bhd (Petronas), has achieved first hydrocarbon production from the Bindu Field, located 210km off the coast of Terengganu. This achievement on June 9 follows Petronas Carigali assuming its new role as operator of the Gas Production Sharing Contract (GPSC) effective April 1,… Continue reading Petronas Carigali hits first oil at Bindu Field offshore T’ganu

PETALING JAYA: Malaysia must strike a careful balance between embracing data centre investments and ensuring its green transition goals are met, said member of parliament for Setiawangsa and former natural resources and environmental sustainability minister Nik Nazmi Nik Ahmad. Speaking at the Renewable Power, Digital Growth: Malaysia’s Sustainable Edge conference, organised by the Malaysian Institute… Continue reading ‘Malaysia must balance data centres with green transition’

PETALING JAYA: CelcomDigi Bhd recently onboarded close to 100 Malaysian small and medium enterprises (SME) and exclusive sales partners from over 60 companies in the first batch of its CelcomDigi Vendor Empowerment and Excellence Programme (VEEP). VEEP is a strategic initiative designed to uplift SMEs within the company’s supply chain, equipping them with practical knowledge,… Continue reading CelcomDigi empowers SME partners to uplift capabilities

KUALA LUMPUR: Ajiya Bhd, a leading Malaysian building materials provider specialising in metal roofing systems and safety glass products, reported a solid improvement in profitability, supported by effective cost management and additional non-core income from the strategic disposal of underutilised assets. For the six months ended June 30, 2025 (1H FY25), the group posted revenue… Continue reading Ajiya’s 6M FY25 PBT stands at RM20.5m with strong recurring interest income of RM7.6m

KUALA LUMPUR: Kerjaya Prospek Bhd expects contract awards to regain momentum once the government issues clear guidelines on the expanded Sales and Service Tax (SST), following a slowdown over the past one to two months. Chairman Datuk Seri Tee Eng Ho said the group remains confident of securing “a few hundred million ringgit” worth of… Continue reading Kerjaya Prospek expects contract awards to regain momentum after govt clarifies SST implementation

KUALA LUMPUR: Property developer Eastern & Oriental Bhd (E&O) is lining up RM2.2 billion worth of property launches for the remainder of 2025, which includes the upcoming Elmina retail shops, Elmina landed homes, Senna and Fera, as well as Andaman Island Plot 16E. Managing director Kok Tuck Cheong said he expects a heavier launch schedule… Continue reading E&O lines up RM2.2 billion worth of property launches for rest of 2025

KUALA LUMPUR: Malayan Banking Bhd’s (Maybank) net profit rose to RM2.62 billion in the second quarter ended June 30, 2025 (Q2’25) from RM2.52 billion in the previous corresponding quarter. However, revenue eased to RM17.07 billion during the quarter under review compared to RM17.17 billion previously. Meanwhile, for the six months ended June 30, 2025 (H1’25),… Continue reading Maybank posts improved second-quarter and half-year results, declares 30 sen cash dividend

KUALA LUMPUR: Signature Alliance Group Bhd, a newly listed interior fit-out specialist, delivered profit before tax (PBT) of RM31.2 million for the first half (1H) ended June 30, 2025 (FY25), more than double the RM14.5 million recorded in 1H FY24, representing a robust 115% year-to-year (YoY) growth. This was achieved on the back of higher… Continue reading SAG delivers 115% YoY growth in PBT to RM31.2m for 1H FY25

KUALA LUMPUR: Financial institutions now operate across multiple borders and legal systems, enabling risks and spillovers to spread rapidly throughout the region. Finance Minister II Datuk Seri Amir Hamzah Azizan emphasised that growing regional integration underscores the critical need for closer collaboration within ASEAN. He cited recent research from the ASEAN plus three Macroeconomic Research… Continue reading Cross-border financial integration raises spillover risks in ASEAN

KUALA LUMPUR: The ringgit opened slightly weaker against the US dollar on Tuesday, pressured by profit-taking, as the US Dollar Index (DXY) rose 0.73 per cent to 98.430. At 8 am, the local currency stood at 4.2080/2175 compared with Monday’s close of 4.2045/2105. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said… Continue reading Ringgit opens lower against US dollar as DXY gains 0.73%

KUALA LUMPUR: Sovereign wealth fund Khazanah Nasional Bhd still has an effective role to play in the venture capital ecosystem, especially in promoting entrepreneurship and fuelling future economic growth engines, despite recent setbacks such as the losses incurred from its investment in FashionValet Sdn Bhd. It should not withdraw from its original mission to help… Continue reading Khazanah urged to focus on agri-food and high-multiplier ventures

KUALA LUMPUR: The 13th Malaysia Plan (13MP) outlines an ambitious and progressive roadmap to enhance the nation’s liveability, bridge economic disparities and ensure equitable access to homeownership. Spearheaded by Prime Minister Datuk Seri Anwar Ibrahim, the 13MP includes a bold target of delivering one million affordable homes by 2035. This vision not only underscores the… Continue reading Radium Development, Trinity Group support 13MP agenda to build more liveable and equitable Malaysia

SHAH ALAM: Selangor recorded RM182.2 billion in international trade for the January-to-June 2025 period, led by machinery and transport equipment (41.4%), manufactured goods (15.3%) and chemicals (12.5%). State Executive Councillor for Youth, Sports and Entrepreneurship Mohd Najwan Halimi said Selangor remained the third-largest exporter for the first half of 2025. “As Malaysia’s most developed state,… Continue reading Selangor records RM182b international trade in first six months of 2025

KUALA LUMPUR: The Malaysian Investment Development Authority (Mida) has lauded L’Oreal Malaysia’s three decades of operations, saying the beauty giant’s growth exemplifies the kind of high-value partnerships envisioned under the New Industrial Master Plan 2030. Mida CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said L’Oreal’s initiatives in upskilling talent, empowering micro, small and medium-sized… Continue reading Mida lauds L’Oreal Malaysia’s three decades of contributions to Malaysian economy

PETALING JAYA: The Centre for Technology Excellence Sarawak Sdn Bhd (Centexs) and Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) have partnered in technology training, innovation and talent development with the launch of Cenhua 2.0, aimed at expanding technology skills, fostering innovation and equipping Sarawak’s workforce for the demands of a fast-evolving Asean digital economy. Launched… Continue reading Centexs, Huawei Malaysia launch Cenhua 2.0 to boost Sarawak graduates’ employability

KUALA LUMPUR: Petronas Dagangan Bhd’s (PDB) net profit eased to RM265.53 million in the second quarter ended June 30, 2025, from RM276.39 million a year earlier, weighed down by weaker margins. Revenue for the quarter fell to RM9.07 billion from RM9.84 billion, reflecting a 4% decline in average selling prices and a 1.0% drop in… Continue reading Petronas Dagangan’s Q2 net profit slips to RM265.5 million

KUALA LUMPUR: Haily Group Bhd, one of the key players in Johor’s construction industry, through its wholly-owned subsidiary Haily Construction Sdn Bhd, secured a subcontract worth RM50.08 million from Mandy Corporation Sdn Bhd, a subsidiary of Gadang Holdings Bhd. The contract is for the construction and completion of a residential development situated in Gelang Patah,… Continue reading Haily secures RM50m Johor housing subcontract from Gadang unit

PETALING JAYA: U Mobile, Malaysia’s newest 5G network provider, has entered into a strategic collaboration with Malaysia Retail Chain Association (MRCA) as a corporate patron for the 2025/2026 term. This initiative will see U Mobile play a key role in accelerating the digitalisation of Malaysia’s retail sector. “U Mobile is pleased to partner MRCA to… Continue reading U Mobile and MRCA collaborate to digitalise Malaysia’s retail sector